GENPHARMA has been quiet active from last few days as stock has seen a surge in volumes in last few trading sessions weeks and price has been rising.As seen in below charts Stock is trading in tight range of 11-13 for last 3 trading session.
We have seen an increase in Volumes in last few trading session. Technically Stocks Looks Ripe for a Breakout above 12.6-12.8 Range for a short term rally till 14/14.2 odd levels which gives us upside for 10-15%.
Fundamnetally Stock has a Tie up with Abbot India Ltd. (Click on the Link to Read More about the update) Abbott Laboratories is an American worldwide health carecompany with ,revenues over $30.5 billion.
Also with COVID Vaccine distribution Stock will play a vital role in distribution which can add to both topline and bottomline.
Short Term Traders can go long in range of 12.6-12.8 with SL of 12 on Closing basis for a target of 13.3/13.6/14 in 2 Weeks Time Frame
The above Stocks is not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 8-10 % purely based on Technical Analysis.Please also do your own study before trading this stock and trade in small quantity also be strict with Stoploss.